Pages

Monday, 27 June 2016

DAILY TRADING TIP FOR STOCK CASH

“BUY TATASPONGE at 625 TGT 650/660 SL 610”

After sliding over 2% in the previous trading session post the Brexit,
the Indian stock market ended almost unchanged on Monday. It was a volatile day
as indices swung from early losses to gains and closed almost flat.The Sensex ended up
5 points at 26,403 and the Nifty edged up 6 points to settle at 8,095. JB Chemicals & Pharmaceuticals ended nearly 6%
higher after the company said its Panoli tablet manufacturing facility received
approval from United States Food and Drug Administration (USFDA).Tata
Sponge ended nearly 4% higher after the company said it has received a
letter-of-intent from Coal India's subsidiary Eastern Coalfields stating that
the company has emerged as a successful bidder for award of 24,000 tonnes per
annum of coal at a notified price.Hester Biosciences rallied over 7%
after the pharmaceutical company said that it is planning to raise funds by
issuing shares via qualified institutional placement (QIP).

GLOBAL MARKET:

On the global front, Asian markets closed on a mixed note.
The Shanghai Composite index closed higher. Hong Kong’s Hang Seng index ended
lower, while Nikkei 225 jumped 1.4%.European markets were trading lower. The FTSE
100 was trading down 1.3%. DAX and the CAC 40 were trading lower 2% each.
The rupee was trading flat at 67.95 per US
dollar.